1671 Newport St, Denver, CO 80220
4 beds · 2 baths · 2,731 sqft
Located in Denver’s highly sought-after Park Hill neighborhood, this distinguished home with striking brick-clad exterior is situated on an oversized lot among mature trees and lush green landscaping. Beyond the inviting front porch, a stylish entryway welcomes you as large windows fill the home with natural light, revealing a spacious living room with cozy fireplace. Handsome hardwoods travel into an adjacent dining room before stretching into the kitchen featuring granite countertops, soft white cabinetry and updated backsplash. The home’s central hallway provides access to two generous bedrooms and a polished full-bath with double sinks and ample storage. At the rear of the home lies a stunning and radiant family room with vaulted ceilings and beautiful built-ins. Downstairs, a sizable bonus room could easily be utilized as a home office, additional lounge space, reading nook, or for many other desirable purposes. The lower level also hosts two non-conforming bedrooms and a convenient ¾-bath; plus, laundry and utility rooms with lots of storage space. The larger bedroom could also be used as a gym, game room, or additional family room. Step outside to be amazed by the sprawling, fenced backyard boasting large patio with firepit, top of the line hot tub, pergola and built-in grill. Don’t miss the irrigated garden and shed behind the expansive garage with plenty of room for workspace and extra storage. Recent updates include new roof, main sewer line, HVAC system, water heater and more. This central location is tough to beat with its close proximity to excellent shops, restaurants, cafes and entertainment options including several Denver landmarks such as City Park, Denver Zoo, Botanic Gardens, and Museum of Nature and Science just to name a few. Easy access to Downtown, Cherry Creek, DIA, public transportation and great schools.
Source: RECO #8758010
Source: RECO #8758010
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #8758010
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